SoFi Technologies Launches Public Offering of Common Stock
SoFi Technologies, Inc. has announced a significant public offering of its common stock, aiming to raise $1.5 billion. The announcement was made on [insert date]. This offering is part of SoFi’s strategy to enhance its financial position and explore growth opportunities in the digital finance sector.
Details of the Public Offering
As part of the offering, SoFi has granted underwriters a 30-day option to buy an additional 15% of the shares initially offered. All shares sold in this offering will be provided directly from SoFi.
Use of Proceeds
The company plans to utilize the net proceeds for various corporate purposes, which include:
- Strengthening capital position
- Enhancing optionality in capital management
- Funding growth and new business opportunities
Underwriting and Registration
Goldman Sachs & Co. LLC will serve as the primary underwriter for this offering. A shelf registration statement on Form S-3 has already been filed with the Securities and Exchange Commission (SEC) and became effective on July 29, 2025.
Interested investors are encouraged to review the base prospectus and accompanying prospectus supplement. These documents will provide further details regarding this stock offering and can be accessed via the SEC website or directly from the underwriters.
Investor Information
Prospective investors may contact the following for more details on the prospectus:
- Goldman Sachs & Co. LLC: (866) 471-2526
- BofA Securities: (email: [email protected])
- Citigroup: (800) 831-9146
- Mizuho Securities USA LLC: (212) 205-7600
- Deutsche Bank Securities Inc.: (800) 503-4611
About SoFi Technologies
SoFi Technologies, listed on NASDAQ under the symbol SOFI, is dedicated to providing a range of digital financial services. The company aims to empower individuals to achieve financial independence. It serves over 12.6 million members through its app, which allows users to manage borrowing, saving, spending, investing, and protecting their finances. SoFi’s technology platform, Galileo, supports nearly 160 million global accounts for financial institutions and brands.
Forward-Looking Statements
This announcement contains forward-looking statements regarding SoFi’s expectations for this offering and its overall business strategy. These statements carry risks and uncertainties that may cause actual results to differ from expectations.
SoFi strongly encourages all potential investors to thoroughly review the available prospectus documents to gain comprehensive insights before making any investment decisions.
